Xcel Energy (XEL) Investor presentation summary

Strategic vision and operational priorities

• Focus on being a preferred, trusted energy provider with a mission to enhance customer experience and keep bills low.

• Prioritizes rewarding employee experience, operational excellence, and clean energy performance.

• Core values include being connected, committed, safe, and trustworthy.

Financial performance and growth

• Delivered or exceeded earnings guidance for 21 consecutive years and increased dividends for 23 years.

• Maintains a strong balance sheet, with credit metrics such as FFO/Debt ~16% and equity ratio ~41%.

• 2025 rate base of $56 billion, projected to grow to $94 billion by 2030, with an 11% CAGR.

• Total shareholder return targeted at 10%+, with 6-8%+ EPS growth and ~3% dividend yield.

Investment and capital plans

• $60 billion base capital plan for 2026-2030, with $7+ billion in additional line-of-sight investments.

• Capital allocation: 39% electric generation, 23% electric distribution, 16% storage, 6% natural gas.

• Over 9,000 MW renewable, 3,200 MW natural gas, and 2,200 MW storage capacity planned.

• Wildfire mitigation investments total ~$5 billion.